According to the Strategic Investment Research Unit (SIRU), the Indian semiconductor market has been estimated to be worth $23.2 billion and will continue to expand at a compound annual growth rate (CAGR) of 17.10 per cent to reach $80.3 billion by 2028.

The railway industry accounts for 70 per cent of the company's revenue, and growing competition and a slowdown in the railway sector may hinder the company's growth.

Mindteck India Ltd is an engineering and technology solutions company that offers services in the medical device, data storage, analytical instrument and semiconductor industries. The company has made a place in BSE top gainers by hitting the upper circuit of 4.85 per cent in the early trade session today.